Buy to let properties can offer a great return on your investment. In the UK alone two million people, or 5 %, have a second home which they rent out. This has increased by 300,000 in the last five years. The number of buy to let mortgages has increased by 98% since 1994.
On average the typical landlord is a male aged 36 to 55 with another job along with their property investment. Most landlords see their property portfolio as a retirement safety net.
When investing in property you need to make sure you’ve researched all the risks. One of the ways in which can cover yourself is through insurance. (more…)